{"id":837379,"date":"2024-07-26T08:59:13","date_gmt":"2024-07-26T03:29:13","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837379"},"modified":"2024-07-26T08:59:13","modified_gmt":"2024-07-26T03:29:13","slug":"airtel-africas-net-profit-down-to-7-million-in-first-quarter-of-fy25","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/airtel-africas-net-profit-down-to-7-million-in-first-quarter-of-fy25\/","title":{"rendered":"Airtel Africa&#8217;s net profit down to $7 million in first quarter of FY25"},"content":{"rendered":"<p>Airtel Africa announced on Thursday that the telecom provider posted $7 million in net profit during the first quarter of the current financial year (Q1FY25). This translated into a net loss of $170 million in the same quarter of the previous year. <\/p>\n<p>Continuing to be pummelled by the ongoing currency devaluation, the company reported a 16.1 per cent fall in revenues to $1.15 billion, down from $1.37 billion in Q1FY24. Revenue growth was particularly impacted by significant currency devaluations in Nigeria, Malawi, Zambia, and Tanzania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airtel Africa announced on Thursday that the telecom provider posted $7 million in net profit during the first quarter of the current financial year (Q1FY25). This translated into a net loss of $170 million in the same quarter of the previous year. Continuing to be pummelled by the ongoing currency devaluation, the company reported a 16.1 per cent fall in revenues to $1.15 billion, down from $1.37 billion in Q1FY24. Revenue growth was particularly impacted by significant currency devaluations in Nigeria, Malawi, Zambia, and Tanzania.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-837379","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837379"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837379\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}